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8 • ROCK products • July 2018 www.rockproducts.com
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The estimated U.S. output of construc-
tion sand and gravel produced and
shipped for consumption in the first
quarter of 2018 was 165 Mt, an increase
of 7 percent compared with that of the
same period of 2017.
The estimated annual output produced
for consumption in 2017 was 905 Mt,
a slight increase compared with the
annual output for 2016.
The estimated production-for-consump-
tion of construction sand and gravel in the
first quarter of 2018 decreased from that
of first quarter 2017 in four of the nine
geographic divisions.
Production-for-consumption increased
in 22 of the 44 states for which estimates
were made.
The five leading states were, in
descending order of production-for-con-
sumption, Texas, California, Arizona,
Washington and Florida.
The above estimates are based on
information reported to the USGS on its
quarterly sample survey by construc-
tion aggregates producers.
Granite Construction reported that
revenue increased to $563.4 million,
up 20.3 percent year-over-year for
the quarter ended March 31, 2018.
Construction Materials revenue
increased 32.5 percent to $45.7 million,
compared with $34.5 million last year.
However, the company reported a net
loss of $11.4 million, compared to a net
loss of $23.8 million in the first quarter.
First quarter 2018 results include the
impact of acquisition expenses related
to Granite's announced and pending
acquisition of Layne Christensen Co.
and from its recently completed pur-
chase of LiquiForce.
"We were pleased to deliver solid results
with a record-revenue first quarter,
carrying through some of the momen-
tum we created in 2017," said James
H. Roberts, president and chief exec-
utive officer of Granite Construction.
Granite Construction Materials
Revenue Spikes in First Quarter